Patterson Veterinary Supply to acquire Miller Vet Holdings
The pet supply company says the acquisition will help to bolster its presence in the animal companion market.
Earlier this week, Patterson Veterinary Supply, Inc—a subsidiary of Patterson Companies Inc, which connects dental and animal health customers in the US and UK with the latest products, technologies, and business solutions—announced that it has signed an agreement to acquire substantially all the assets of Miller Vet Holdings, LLC.
Aside from providing exceptional customer service to all of Miller Vet’s clients, the acquisition is projected to broaden Patterson Animal Health’s visibility in the companion animal market and increase operating leverages and synergies.
“In addition to strengthening our competitive position in the Midwest, Mid-Atlantic, and Southeast markets, the acquisition is expected to expand our core sales reach and create synergies with our strategic vendors,” says George Henriques, president of Patterson Veterinary Supply, in a company release. “We welcome our new colleagues to the Patterson team and look forward to continued success together.”
Located in West Point, Nebraska, Miller Vet is a privately held multiregional veterinary distributor company with distribution facilities in the south, southeast, and east coast regions. Additionally, the sales representatives at Miller Vet are also expected to join the Patterson team.
“We are excited about the upcoming acquisition, as we have long admired Patterson Vet and how they provide services to the companion animal market,” says David Gnad, DVM, president and CEO of Miller Vet Holdings, in the release.
“With Patterson Vet’s acquisition of Miller Vet, our customers will benefit from Patterson’s scale, broad product portfolio, and exceptional value-added services,” he says.
Though the terms of the transactions are not being disclosed, Patterson expects to close the transaction in the first fiscal quarter of FY2022.
To learn more about Patterson Veterinary Supply and this acquisition, go here.